German American Bancorp (NASDAQ:GABC) Downgraded by Wall Street Zen to “Sell”

German American Bancorp (NASDAQ:GABC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

A number of other brokerages have also recently commented on GABC. Piper Sandler raised shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a report on Friday, March 20th. Raymond James Financial initiated coverage on shares of German American Bancorp in a research report on Wednesday. They set a “hold” rating for the company. Stephens upped their price objective on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods raised their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Stock Performance

Shares of German American Bancorp stock traded up $0.25 during trading hours on Friday, reaching $46.97. 121,487 shares of the stock traded hands, compared to its average volume of 203,735. German American Bancorp has a one year low of $36.56 and a one year high of $48.94. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.01 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $44.73 and a 200 day moving average price of $42.76.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). The business had revenue of $97.43 million during the quarter, compared to the consensus estimate of $95.84 million. German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%. On average, equities research analysts expect that German American Bancorp will post 3.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds have recently made changes to their positions in the business. German American Bancorp Inc. grew its stake in German American Bancorp by 59.6% during the fourth quarter. German American Bancorp Inc. now owns 954,287 shares of the bank’s stock valued at $37,389,000 after acquiring an additional 356,382 shares in the last quarter. SG Americas Securities LLC purchased a new stake in German American Bancorp in the 4th quarter worth $4,983,000. FJ Capital Management LLC lifted its stake in German American Bancorp by 1,802.7% in the 3rd quarter. FJ Capital Management LLC now owns 112,580 shares of the bank’s stock worth $4,421,000 after purchasing an additional 106,663 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of German American Bancorp by 155.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 173,231 shares of the bank’s stock valued at $6,787,000 after purchasing an additional 105,474 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of German American Bancorp by 1,660.8% during the 3rd quarter. Two Sigma Investments LP now owns 101,666 shares of the bank’s stock valued at $3,992,000 after purchasing an additional 95,892 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.